Bitcoin [BTC] Violently Reverses from $13,885 Amid Rising Volatility

Bitcoin lost $2,700 in hours: Breaking the 45-day winning streak.
This correction from the highs could mean a confirmation of an impending rally towards $15,000.

Moments after almost touching $14,000 Bitcoin reversed violent losing at least $2,700 in a matter of hours. The devastating correction comes after Bitcoin has super week after breaking above $9,000, $10,000 and $11,000 key levels.

The battered bears could not take it anymore as they forcefully grabbed the control of Bitcoin’s bandwagon. Bitcoin hit highs around $13,385 before giving in to the selling pressure. The plunge found support around $11,297.25 (intraday low on Coinbase). A shallow correction has already happened from the low with BTC/USD currently exchanging hands around $11,885.

In my opinion,…

What do you think?

0 points
Upvote Downvote

$2500 Rally in a Day: All the Three Bitcoin Futures Contract Explode Over $14,000

Ethereum Price Analysis: ETH Stabilizes After 60% Spike